Lanzatech Borrows $15 Million to Turn Waste Gases Into Fuel
Lanzatech NZ Ltd., an Aukland-based biotechnology company, received a $15 million loan to develop transportation fuels and chemicals from waste industrial gases.
Western Technology Investment, a Portola Valley, California-based venture capital company, provided the financing, closely held Lanzatech said today in a statement.
The loan follows the $55.8 million Series C financing round Lanzatech closed in January, led by the Malaysian Life Sciences Capital Fund LP, and brings the company’s total funding to more than $100 million, according to the statement.
To contact the editor responsible for this story: Will Wade at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.